Two office workers James and Jack were debating if it was better to purchase whole life insurance versus term insurance. James had purchased a participating whole life policy three years ago at age 30. Jack on the other hand, had recently purchased term insurance. What can James say to Jack about the advantages of purchasing a whole life policy? Select one: a. Compared to more traditional guaranteed investments, the dividend payment rate on participating whole life policies has historically had a lower standard deviation. b. The policy owner has little or no choice over how the policy reserve is invested. C. The policy owner may be able to obtain a policy loan against the death benefit of the policy. d. For participating whole life policies, policy dividends are not guaranteed. Even a small change in the dividend scale can significantly alter the long term performance results.

Two office workers james and Jack were debating if it was better to purchase whole life insurance versus term insurance. James had purchased a participating whole life policy three years ago at age 30 . Jack on the other hand. had recently purchased term insurance. What can James say to jack about the advantages of purchasing a whole life policy? Select one: a. Compared to more traditional guaranteed investments, the dividend payment rate on participating whole life policies has historically had a lower standard deviation. b. The policy owner has little or no choice over how the policy reserve is invested. c. The policy owner may be able to obtain a policy loan against the death benefit of the policy. d. For participating whole life policies, policy dividends are not guaranteed. Even a small change in the dividend scale can significantly alter the long term performance results